Marty's Ƀent
Issue #1212: Save a friend, tell them to get out of the Coinbase casino
I would call it a shame, but it's really worse than that.
I would call it a shame, but it's really worse than that.
What really matters is the quality of Bitcoin's monetary policy and the public's confidence that the policy will be respected in the long-run.
Marty sits down with Ansel Linder to discuss Bitcoin fork wars, QE, inflation v. deflation, and much more.
You can't dictate how people should use bitcoin. Bitcoin has certain properties that enable different use cases. The predominant use case will fluctuate over time. Get over it.
Bitcoin's emergent, grassroots nature is the crux of the strength afforded to its assurances of sound monetary policy, distributed consensus, and overall progress towards the Ideal of sufficient decentralization.
A system addicted to debt sows its own demise at a certain point because it creates too much opportunity costs, forcing people to choose work over breeding, setting in play a long-term decay in the funding base of the system.
A formal governance structure introduces more social attack surface that creates the potential for motivated individuals or groups to exploit the process to their benefit.
Even if you believe Blockstream is a Bilderberg-backed evil corporation that is dead set on controlling Bitcoin's development and eventually enslaving the human race via the corn, there is no denying that they have made Bitcoin stronger with this launch.
